PRESS STATEMENTOn the transaction between Grab Philippines and Move It18 October 2022 Based on an initial assessment by the Philippine Competition Commission (PCC), Grab Philippines’ acquisition of Move It likely did not breach the thresholds for compulsory notification. Hence, the parties need not wait for approval from the PCC to consummate the transaction. Publicly available… continue reading ››
PRESS STATEMENT PCC looks into Dito complaints vs Globe Telecom and Smart Communications 26 August 2022 The Philippine Competition Commission (PCC) found reasonable grounds to open a preliminary inquiry into the complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications. The PCC Enforcement Office (CEO) will look into the allegations in the complaints for possible… continue reading ››
PRESS STATEMENT Re: TV5-ABSCBN and Cignal-SkyCable Transactions 11 August 2022 To date, the Philippine Competition Commission (PCC) has not been consulted and has not received any notification from MediaQuest Holdings and ABS-CBN Corp. on the “investment agreement” between TV5 and ABS-CBN, and the reported “sale and purchase agreement” between Cignal Cable Corp. and Sky Cable Corp. The… continue reading ››
PRESS STATEMENT Re: Dito complaint vs Globe Telecom and Smart Communications 8 August 2022 The Philippine Competition Commission (PCC) has received today two separate complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications for possible anti-competitive practice in their interconnection agreements. Interconnection is an essential component of the telecommunications industry as it allows interoperability… continue reading ››
PRESS STATEMENT Re: TV5 and ABS-CBN Joint Venture 5 August 2022 The Philippine Competition Commission (PCC) trusts that firms undertaking sizeable mergers or acquisitions conduct due diligence to ensure compliance with our antitrust law and engage in consultation with the Commission, where necessary. This includes M&A or joint venture transactions with considerable share in the markets… continue reading ››
PRESS STATEMENT Re: PCC’s resolve to strengthen enforcement in the pharmaceutical sector 26 July 2022 The Philippine Competition Commission (PCC) shares the vision of the President underscored in his first State of the Nation Address (SONA) for more accessible and lower priced medicines for Filipinos by ensuring fair competition in the pharmaceutical market. The Philippines… continue reading ››
PRESS STATEMENT Re: PCC Chairperson Balisacan’s Acceptance of Nomination as Next NEDA Secretary 23 May 2022 Upon the invitation of presumptive President Ferdinand Marcos, Jr., I have decided to help meet the challenges of the economy as Secretary of the National Economic and Development Authority (NEDA) in this important period of our economic… continue reading ››
08 April 2022 Re: Effectivity of the Public Service Act amendments PRESS STATEMENT The Philippine Competition Commission (PCC) welcomes the recent signing into law of the amendments to the Public Service Act (PSA), which is a game-changing economic measure that will enable the country to gain new investment and market opportunities and boost our chances to… continue reading ››
27 January 2022 Re: Clarification on PCC role in ABS-CBN frequencies reassignment to AMBS, ABC, and SSMC PRESS STATEMENT The Philippine Competition Commission (PCC) seeks to clarify the role of the competition authority in the re-allocation to various entities of frequencies formerly assigned to ABS-CBN. The re-allocation of the said frequencies in favor of Advanced Media Broadcasting System Inc. (AMBS), Aliw Broadcasting Corporation… continue reading ››
25 January 2022 Re: Robinsons – Ministop Transaction For Immediate Release The Philippine Competition Commission (PCC) received reports of Ministop Japan’s sale to Lotte, including its sale of its joint venture stake in the Philippines. As local partner, Robinsons Supermarket Corp. currently has a 60% stake in Robinsons Convenience Stores Inc., the franchisee of Ministop in the Philippines. Yesterday, the company announced that it… continue reading ››